Nvidia will supply Volvo trucks with artificial intelligence

The world's second-largest truck manufacturer, Volvo, has signed a major contract with Nvidia. By order of the Swedish carmaker, the American company will develop a safe driving system with autonomous trucks. The news caused a sharp increase in Nvidia quotes. During the day the shares added almost 6%.
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Autoconcern presented its first autonomous truck last year. With Nvidia, Volvo expects to get a flexible and scalable self-driving system. Only after that Volvo smart trucks go on sale.
Nvidia, along with Intel, dominates the fast-growing artificial intelligence market. Now the company, known for its video game graphics processors, has begun to actively offer its processors in the automotive industry. This is especially true for trucks. They can become a leading segment among autonomous cars, as their routes are easier to automate than passenger car routes.
The alliance with Volvo is not the first Nvidia collaboration experience with car manufacturers. The company already cooperates with the German automakers Volkswagen and Mercedez-Benz, as well as with the Japanese Toyota.
Last week, Volvo said that its self-managed truck, Vera, would start transporting goods from a warehouse to the port terminal in Gothenburg. This will be the first step towards working on public roads.
Wall Street predicts that Nvidia shares will go up by 18%, to $ 182.17 apiece.
JPMorgan experts expect a greater increase in quotes Nvidia. According to their estimates, during the year the shares of the American company will rise in price by 33%.

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